1525 W 37th Street, Los Angeles, California 90018, Los Angeles, 90018 - 2 bed, 2 bath
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1525 W 37th Street
Los Angeles, California 90018
ACTIVE
CONDITION: TEAR DOWN
2Beds
2Baths
894Sq Ft
6,402Lot Size
Property Price
LIST PRICE$800,000
EST. MARKET VALUE
$800,000
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $880,000, positioned above the $750,482 Fair Market Value. While the current structure has a Condition Rating of 6, the true value lies in the 6,400 SF LAR2 Zoning, which permits the construction of two primary units plus ADUs. Delivered 100% vacant, this site offers immediate development potential in a high-demand student housing corridor near USC. This is a strategic acquisition ideal for Student Housing Developers or Buy-and-Hold Investors seeking to maximize density.
Estimated Market Value
$800,000
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1525 W 37th Street Subject 2 bd · 2 ba · 894 sqft · $895 | $800,000* List Price | 2 | 2 | 894 | $895 | - |
A 1572 W 37th Place Active 2 bd · 1 ba · 1,168 sqft · $843 · 0.1 mi | $985,000 List Price | 2 | 1 | 1,168 | $843 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1905 and marketed explicitly as a 'Student Housing Development opportunity.' The value lies in the 6,400 SF LAR2 zoned lot rather than the 120-year-old structure, which lacks any mention of modern updates to systems, kitchen, or baths.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic USC Proximity
Located just blocks from the University of Southern California and University Village, the property is positioned in a premier student housing corridor with high rental demand and appreciation potential.
- Development Potential
The 6,400 SF lot features LAR2 zoning, providing a versatile opportunity to build two primary units plus additional ADUs, maximizing the site's density and income-producing capacity.
- Delivered Vacant
The property will be delivered 100% vacant, allowing developers to bypass the complexities of tenant relocation and immediately begin the entitlement or construction process.
CONSRISKS & DEFICIENCIES
- Significant Capital Requirement
As the value lies primarily in the land and zoning, the existing 1905 structure likely requires demolition or a total overhaul, necessitating substantial additional investment beyond the purchase price.
- Inconsistent School Ratings
While the property is ideal for student housing, several nearby public middle and high schools have low performance ratings, which may limit its appeal to traditional long-term family residents.
About 1525 W 37th Street
We are pleased to present 1525 W. 37th Street, a value-add opportunity located just a few blocks from the University of Southern California (USC). Situated on an approximately 6,400 SF lot, the property is currently improved with an owner-occupied single-family residence that will be delivered 100% vacant at closing. The property offers several potential strategies for a new owner. A buyer could renovate the existing home for personal use or resale, live in the front house while exploring the addition of an ADU in the rear for rental income, or evaluate the site for a larger redevelopment opportunity. The LAR2 zoning provides additional long-term potential, while the large lot gives buyers flexibility to improve and add value over time. Located near USC, University Village, public transportation, dining, shopping, and major employment centers, the property offers a unique opportunity for an owner-user, investor, or developer looking for a well-located property with multiple paths to create value.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1905
- Lot Size
- 6,402 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Birdielee V. Bright Elementary School
Grades K-5 • 0.4 mi
4/10
Lenicia B. Weemes Elementary School
Grades K-5 • 0.4 mi
3/10
John W. Mack Elementary School
Grades K-5 • 0.7 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 894 | 1,670.836 |
| Lot Size | 6,402 | 6,152.156 |
| Price | $800.0K | $1.34M |
| Price per sq ft | $895 | $807 |
| Built year | 1905 | 1941 |
| HOA | $0 | $238 |
| Days on market | 123 | 56 |
Pricing History
Listed for Sale
Nov 4, 2026
$800,000
$880,000
-9% Price Drop
Initial Listing
Price Change
Jul 9, 2026
$880,000
Initial Listing